This review of industrial transition in Daejeon is a study that takes a closer view of the existing biohealth systems, ac- tors, resources and dependencies, and interdependences in Daejeon city. Through extensive interviews and analysis, the review explores how emerging technologies can be leveraged to transition Daejeon’s biohealth system to next gen innovation ecosystem.    

  It been undertaken by the KAIST Korea Policy Center for the Fourth Industrial Revolution (KPC4IR), Daejeon Institute of Science and Technology for Enterprise and People (DISTEP), and the European Commission Joint Research Centre (EC JRC). It clearly reflects the key policy challenges common to both South Korea and the EU and the benefits of sharing expertise and experience to address them.  

  This review is based on secondary information, regional and country level data-analysis, and wide stakeholder interviews and consultations from experts in academia, biohealth indus- try, public and private sector organizations as well as civil society organizations. The data on biohealth industry was sourced from multiple sources including surveys, publicly available data and government data sources both from Daejeon city government and national biohealth datasets. 

  The project is also inspired by the POINT methodology which was developed by the Joint Re- search Centre of the European Commission (EC JRC) - one of the organizations participating in this multi-stakeholder project. Aimed at improved understanding and management of indus- trial transitions, the POINT methodology is a systematic place-based approach to the framing, procedure and conduct of reviews on industrial themes of growing global importance. It spe- cifically focuses on analysis of the current situation and sketching future directions for the de- velopment of industrial capabilities that a region or country may undertake. Previously applied to industrial sector in a number of EU territories, the focus of this project is understanding and managing transitions of biohealth industry in Daejeon and Chungcheong province to provide pathways for revitalizing the industry.  The application of the POINT methodology in this context reflects the key policy challenges common to both South Korea and the EU and the benefits of sharing expertise and experience to address them.